Anil Ambani-led Reliance Power has reported profit in back-to-back quarters now. The company, which had been grappling with legal and debt-related issues, has reported profit of Rs 44.68 crore in Q1FY26 Vs net loss of Rs 97.85 crore in Q1FY25.
This follows a profit of Rs 125.57 crore in Q4FY25 and Rs 42 crore net profit in Q3FY25.
Here’s what is driving the company’s turnaround focusing on the recent first quarter results for Q1FY26.
1. Rs 584 crore debt serviced; debt-to-equity among industry’s lowest
Reliance Power’s total debt servicing in Q1FY26 stood at Rs 584 crore (US$ 70 million). The company also reported one of the lowest debt-to-equity ratios in the industry, reflecting a strong and stable capital structure. The company plans to raise Rs 9,000 crore via equity and debt. The company plans to raise Rs 9,000 crore via equity and debt. The board of this Anil Ambani group company has approved raising Rs 6,000 crore via equity shares. This will be through the QIP route or FPO.
2. Sasan achieves 91% PLF, Rosa maintains 97% availability in strong Q1 showing
Reliance Power, a part of the Reliance Group, is one of India’s leading private-sector power generation companies with a total operating capacity of 5,305 megawatts. This includes the 3,960 MW Sasan Power, the world’s largest integrated coal-based power plant.
In its regulatory filing on July 19, the company highlighted that Sasan Power has been among the best-performing power plants in the country for the past seven years, achieving a plant load factor (PLF) of 91 per cent in the latest quarter.
Additionally, the 1,200 MW Rosa Power Plant in Uttar Pradesh demonstrated robust operational efficiency with an availability of 97 per cent.
3. 600 MW solar, 700 MWh battery project awarded at Rs 3.33/kWh
Reliance Power has emerged as the country’s largest player in the Solar + BESS segment, boasting a total portfolio of 2.4 GW of solar DC capacity and over 2.5 GWh of BESS capacity, cementing its leadership in India’s new energy landscape.
In its regulatory filing, Reliance Power also announced that its subsidiary, Reliance NU Energies, has received a Letter of Award (LoA) from SJVN, a leading Navratna public sector enterprise, for the development of India’s largest ISTS-connected Solar and Battery Energy Storage System (BESS) project.
The project entails a capacity of 350 MW, which will involve the installation of 600 MW of solar DC capacity and 175 MW / 700 MWh of BESS capacity. The award was secured through a competitive bidding process at a tariff of Rs 3.33 per kWh.
Reliance Power, a Reliance group company reported revenue from operations at Rs 1,885 crore, down 5.35 per cent year-on-year. The company recorded total income of Rs 2,025 crore, while EBITDA came in at Rs 565 crore.